With ERIC missing, they need to do something, since they complained about consolidation! This should start the ball moving on CIEN. Question is, who'll take CIEN to the prom?
I feel your pain, and really can't do anything about it! That must have been a cut and paste to mine, Sandell needs the backing of some of the larger share holders! JDSU needs some news on how unhappy the small share holders are with this management, and company! That's the only thing, that gets them to even talk about doing something for share holders!
Pas, Yes, I sent them and email to the CEO, Board and Bill Ong. Telling them I agree. and if they don't, it should be opened a vote. I also said, No FREE stock should be issued while this is going on, unless it can't be sold for a year!
Pas, JDSU board members just sell their FREE shares, which shows what they think of the company! I guess it's like musical chairs, they don't want to get caught when the music stops!
Don't wait for the split, buy the company now. The price will be lower, and the buyer chooses what to sell off! Getting rid of the JDSU board will save the buyer a lot of money, just to start with! GLA
That's what's holding the price where it's at! If they didn't do the spilt, or sell the company whole, it would be lower based on management performance. The management probably are patting themselves on the back, like they have something to do with the price holding! JDSU is the only company I have, that rewards their managers for poor performance! If it wasn't splitting, I'd cut my loses but, at this point I'll be rewarded when it's sold to a company that rewards share holders. Just seeing the JDSU board sacked, is a reward in itself!
They've increased their FICO score to qualify. and have shown they are doing better with delinquencies. $1200? I wouldn't waste my time on even posting here, if that's all you've invested! APPL might be OK today but, Jobs is gone!
Sky, Pas has been around awhile, and has watched JDSU do nothing but, reward the management for poor performance, and winning beauty awards. The best thing JDSU can do for the share holders, is too be sold! The sooner the better! The company might be inventive but, they lack the proper management to sell their products!
Pas, the only hope for this company is to be sold! Better management is needed, and it appears that's the only way they'll get it!
There are many agencies who do nothing but, collect on bad debt! Having worked with a large corporation on their collections, who after one to two years, sells off selected accounts. They do keep older accounts that are making payments within their own collection process, Having worked with FICO using their software, and constantly fine tuning the collection process! It's a changing process that takes place over a period of months to see what works, and what doesn't. FICO calls this the champion/challenger process. When the challenger becomes the champion, a new challenger is born! Hope this helps.
They are not getting rid of ALL bad debt. Just accounts that are over a certain age, where they feel they won't collect!
Getting 50-70 cents on the dollar for accounts, they're getting nothing from, is a good deal. Most large companies already sell off bad debt! Their new approach is to stop accounts from getting that far, and keeping them in house! The companies buying this debt, are good at hounding people till they get paid, and those companies will sell off their bad debt to a third company when needed!
Sorry to hear you're sick, and don't have that much time left! :-)